India: Durgapur Pellet Offers Fall Amid Declining P-DRI Prices
Limited trades in Durgapur (eastern India) have resulted in decline in pellet offers. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,000 (delivered) down sharply by INR 300-400/MT against INR 6,300-6,400/MT end of the last week assessment.
P-DRI prices have also decreased sharply W-o-W at Durgapur to INR 16,300-16,500/MT against last week assessment of INR 16,700-16,900/MT.
Raipur pellet offers stable; limited trades reported-: Raipur (Central India) based pellet manufacturers kept the pellet offers remains unchanged. Current offers for Fe 63% grade assessed at INR 6,800/MT (ex-Raipur, GST extra). Few deals were reported from Raigarh and Durg based pellet makers.
P-DRI prices in Raipur witnessed declined sharply to INR 16,100/MT (basic) compared to INR 16,800/MT (Ex-Raipur) last week.
Southern India pellet offers range-bound -: Southern India (Bellary) based pellet makers have witnessed at INR 6,200-6,400/MT in line with last week assessment. P-DRI prices down sharply to INR 15,700-15,900/MT as against last week at around INR 16,200-16,400/MT.
Indian pellet trade updates-:
-- Raigarh based pellet makers offer assessed at INR 6,000/MT (ex-plant).
-- Jharsuguda based pellet maker –Shyam Metalik is also offering pellet at INR 6,000/MT (Ex-plant).
SteelMint pellet reference prices as on 30th Jul'19
source: SteelMint
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
